Anyone have thoughts on $P?

Pandora dropped as expected after earnings, is it a good target to short?

 

It was an easy short before this quarter report when it was a given its performance would be deeply affected by the free 90 day trial of Apple Music.

Now, its not as obvious.

 

This company has $440mil in reserves in cash, not sure they have a issue. Ill take the upside potential here and swing for a bit.

 

Will get to between $15 & $18, not worth more than $18. I got in at $12 with 40cent trailing stop.

 

Pandora's Sara Clemens resigns as COO
Pandora's COO, Sara Clemens, willleave the company,following another leadership shakeup at the Oakland-based entertainment company. There is speculation suggesting Pandora could be bought by Sirius XM.(Music Business Worldwide)